FERRARI NV (RACE) Stock Technical Analysis
NYSE:RACE - New York Stock Exchange, Inc. - NL0011585146 - Common Stock - Currency: USD
Taking everything into account, RACE scores 6 out of 10 in our technical rating. RACE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month RACE has a been trading in the 461.10 - 503.10 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
RACE is part of the Automobiles industry. There are 37 other stocks in this industry. RACE outperforms 75% of them.
When comparing the performance of all stocks over the past year, RACE turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
RACE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RACE is lagging the market slightly.
RACE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
400.95
513.24
When analyzing the support we can see 3 important areas.
- Support @430.68 from a trend line in the weekly time frame.
- A support zone ranging from 414.84 to 417.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @405.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 496.79 to 508.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RACE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RACE is neutral. |
| ChartMill Relative Strength | 69.05 | NEUTRAL | RACE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RACE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RACE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.93 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.85 | NEGATIVE | The MACD value suggests RACE has a negative trend. |
| Stochastics (14,3) | 19.52 | OVERSOLD | The low Stochastics value suggests RACE may be oversold. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for RACE suggests low volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for RACE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
463.44
-9.22 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.95%
1 Week-3.97%
2 Weeks-3.2%
1 Month-6.34%
3 Month3.16%
6 Month2.04%
12 Month13.04%
2 Year42.5%
3 Year152.58%
5 Year171%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.2
ATR(20)%1.56%
ATR Inc57.56%
Range Today6.99
ADR(20)5.2
ADR(20)%1.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.05
Mansfield-0.17
10 Day High489.13
10 Day Low461.1
20 Day High503.1
20 Day Low461.1
52 Week High509.13
52 Week Low391.54
CS1 End430.68
CR1 Start496.79
Volume & EV
DER(3)-1.89%
DER(5)-0.78%
Volume646.30K
Volume Incr54.47%
Vol(5)451.52K
Vol(50)404.65K